NG has a bearish week last week. A rising wedge can be seen in the weekly TF. Will it bounce from the lower trend line or break it?
In the daily TF, HA candles are showing bearish trend. The stochastics is also showing a bearish crossover.
Weekly TF in HA is showing a pausing or changing of trend.
As long as price is below the weekly support/resistance this week, there is every chance for price to test the monthly support/resistance level.
Daily support/resistance on 24th Oct: 2.987, 3.038
Weekly support/resistance from 24th Oct - 28th Oct: 3.136, 3.019
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984
In the daily TF, HA candles are showing bearish trend. The stochastics is also showing a bearish crossover.
As long as price is below the weekly support/resistance this week, there is every chance for price to test the monthly support/resistance level.
Daily support/resistance on 24th Oct: 2.987, 3.038
Weekly support/resistance from 24th Oct - 28th Oct: 3.136, 3.019
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984
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